Pasito, an InsurTech company based in New York, has successfully raised $21 million in a Series A funding round. The funding aims to enhance automation within the group health, life, and retirement benefits sector.
The funding round was led by Insight Partners, a global software investor, with involvement from notable participants such as Y Combinator and insurance-focused MTech Capital. This backing not only provides financial support but also signifies a strong belief in Pasito's vision for modernizing benefits operations.
With this new capital, Pasito plans to accelerate the implementation of AI-driven workflows across the benefits ecosystem. The focus is on creating seamless experiences for both employers and employees, making it easier to manage and access benefits. The enhanced automation could lead to improved efficiency and reduced administrative burdens in the insurance space.
This development is likely to benefit various stakeholders, including employers looking to streamline their benefits administration processes, employees who will gain easier access to their benefits, and ultimately, insurers aiming to enhance their service offerings. As automation in benefits management grows, we can expect a more efficient industry landscape that responds better to customer needs.
Overall, Pasito's funding signifies a commitment to leveraging technology to modernize traditional processes in the insurance sector, reflecting broader trends towards digital transformation in the industry.
Original Source: https://fintech.global/2026/02/04/insurtech-pasito-lands-21m-to-modernise-benefits-operations/